Lois

PMI, a federal gov’t agency that tracks real estate markets, has published the quarterly risk ratings of U.S. cities. Boulder is cited as having a low risk of declining prices. On the other end of the spectrum are such markets such as cities in Florida and Nevada and California, showing high risk of further decline. These other markets have had very high appreciation in past years and now are suffering huge losses. This is the boom- bust syndrome. Boulder has always steadily appreciated at a modest rate and is not suffering decline. We have never had a boom-bust market here, thankfully.